Nuveen Short Duration Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york--(business wire)--the mergers of nuveen senior income fund (nyse: nsl), nuveen floating rate income opportunity fund (nyse: jro), and nuveen short duration credit opportunities fund (nyse: jsd) into nuveen floating rate income fund (nyse: jfr) were successfully completed prior to the opening of the new york stock exchange on july 31, 2023. the fund's newly consolidated portfolio contains approximately $2 billion in investments—the largest among listed senior loan closed-end funds. thro.

New york--(business wire)--common and preferred shareholders of nuveen senior income fund (nyse: nsl), nuveen floating rate income opportunity fund (nyse: jro), nuveen short duration credit opportunities fund (nyse: jsd), and nuveen floating rate income fund (nyse: jfr) have approved a proposal to merge the funds. the mergers will combine each of nsl, jro, and jsd into jfr. subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before t.

We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned negative, owing to a high cost of leverage.

Nuveen announced the merger of its senior loan funds: NSL, JRO, JSD and JFR. The merger is slated to close July 31, 2023. Currently, arbitrage opportunities are slim.

Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxY funds are HFRO, JSD, and JRO.

The Nuveen Short Duration Credit Opportunities Fund (JSD) is a fixed-income closed-end fund. The fund has a low 0.5 years duration.

As we enter the fourth quarter of 2021, we are inching closer to the eventual rate hikes from the Fed. We've been continuing to monitor the senior loan fund space to find some opportunities worth exploring.

I have tried to reduce my overall CEF allocation- I continue to make some rotational trades into areas of the marketplace I think are best positioned for gains.

We've seen a lot of volatility in the last month across all risk assets, but closed-end funds have weathered it quite well.

Senior loan funds are showing some opportunities at some deep discounts. These funds should benefit from increasing interest rates, but that could be years before playing out.

Performance in the high yield market hasn't been quite as strong as the S&P 500. While total return levels in the high yield market are important to track, spreads in high yield debt relative to treasuries provide a more useful barometer.

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given.